Valuing Benefits of Tourism Activities in Nara Prefecture: An Application of the Kuhn–Tucker Model

Tadahiro Okuyama
Additional contact information
Tadahiro Okuyama: Faculty of Economics, Department of Regional Policy, University of Nagasaki, 123 Kawashimo-cho, Sasebo, Nagasaki 858-8580, Japan

Tourism Economics, 2012, vol. 18, issue 2, 393-412

Abstract: Benefit measurements have been performed on tourism activities on the basis of demand theory or random utility theory. Recently, the Kuhn–Tucker model (KTM), which can measure more flexible patterns of preferences, has been used for benefit measurement. The purpose of this study is to measure the benefits of tourism activities in Nara Prefecture by the KTM and examine the features of the model by comparing it with the demand-based approach (DBA) and the random utility model (RUM). The benefit ranges measured by the DBA, RUM and KTM methods are 4,659–42, 874, 236–10, 06 and 289–37, 670 yen, respectively. Finally, the World Heritage Sites have larger benefits than the other sites.

Keywords: benefit analysis; Kuhn–Tucker model; tourism activity; Japan (search for similar items in EconPapers)
Date: 2012
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
https://journals.sagepub.com/doi/10.5367/te.2012.0111 (text/html)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:sae:toueco:v:18:y:2012:i:2:p:393-412

DOI: 10.5367/te.2012.0111

Access Statistics for this article

More articles in Tourism Economics
Bibliographic data for series maintained by SAGE Publications ().